BlackBerry Renews NCIB to Buy 26.8M Shares, 4.58% of Float
BlackBerry received TSX approval to repurchase up to 26.8 million shares, equal to 4.58% of its 584.8M float, under a renewed NCIB running May 12, 2026, through May 11, 2027. As of April 30, it had bought back 18.14 million shares at a US$3.85 average price under the prior program.
1. Renewal Details
BlackBerry has obtained approval from the Toronto Stock Exchange to repurchase up to 26,785,714 common shares, representing approximately 4.58% of its public float as of April 30, 2026. The NCIB will commence on May 12, 2026, and terminate on May 11, 2027, or upon reaching the maximum share limit.
2. Prior Buyback Performance
Under the existing issuer bid that began May 12, 2025, BlackBerry repurchased 18,136,158 shares through the TSX, NYSE and alternative trading systems at a weighted average price of US$3.85 per share. Daily purchases on the TSX were capped at 563,825 shares, excluding block trades.
3. Strategic Rationale
The company highlighted strengthened fiscal 2026 balance sheet and expects positive operating cash flow in fiscal 2027, aiming to invest excess cash for attractive risk-adjusted returns. Share cancellations under the NCIB will offset dilution from equity incentive plans without altering long-term strategy.